# 🍩 Meme Stocks

**Published by:** [Let Them Eat Cake](https://paragraph.com/@ltecake/)
**Published on:** 2022-06-20
**URL:** https://paragraph.com/@ltecake/meme-stocks

## Content

TL,DR: Like strawberry frosted doughnuts, fruity in name only Meme Stocks / Strawberry Frosted Donutcontain no real fruit or nutritional valuevalue comes from appearance rather than substancedelicious at first but might make you sick Eatamology “Reddit” or “Meme” stocks are shares in companies popularized via online communities like Reddit, including the most popular Reddit thread, WallStreetBets, where individual investors go for advice. Hype received on Reddit can bolster a stocks value, despite fundamental flaws with the company. Financials Unlike most stocks the performance of Reddit stocks has very little to do with fundamentals like a company’s profitability or stability. External factors such as consumer nostalgia drive up the price of these products - and short squeezes can further cement the impact of Reddit hype. Once enough investors buy in to a Reddit stock, that company should be positioned to adjust it’s business model and capitalize on the newfound appreciation for its brand. Where to Find Available on individual exchanges and as part of “hype” based ETFs such as the newly released $BUZZ. Nutrition Facts Price/Earnings: Extremely High Shares Outstanding: High Alpha: High Beta: <1 Example Ingredients AMC, Gamestop, Bed Bath & Beyond

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